| Metric | Q2 2022 | Q1 2022 | Q2 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $2M | — | $2M | — | 0.8% |
| Op. Income | -$30M | — | -$35M | — | 13.1% |
| Gross Margin | 100.0% | — | 100.0% | — | 0.0pp |
| Net Margin | -1983.2% | — | -2306.3% | — | 323.1pp |
| EPS (Diluted) | $-0.89 | — | $-1.03 | — | 13.6% |
| Free Cash Flow | -$21M | — | -$18M | — | -16.4% |
| Item | Amount |
|---|---|
| REVENUE | $2M |
| Cost of Revenue | $0 |
| GROSS PROFIT | $2M |
| R&D Expenses | $19M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $11M |
| Other Expenses | $1M |
| Operating Expenses | $32M |
| Cost & Expenses | $32M |
| OPERATING INCOME | -$30M |
| Interest Income | $2M |
| Interest Expense | $0 |
| Other Income/Expenses | -$554.2K |
| INCOME BEFORE TAX | -$31M |
| Income Tax Expense | $7.0K |
| Net Income from Continuing Ops | -$31M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$31M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$31M |
| D&A | $872.2K |
| EBIT | -$29M |
| EBITDA | -$28M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$31M |
| Depreciation & Amortization | $872.2K |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | $7M |
| Change in Working Capital | $1M |
| OPERATING CASH FLOW | -$20M |
| Capital Expenditure | -$92.4K |
| Acquisitions (Net) | $0 |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $154.3K |
| NET CASH FROM INVESTING | $62.0K |
| Net Debt Issuance | -$4M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$562.4K |
| NET CASH FROM FINANCING | -$4M |
| FREE CASH FLOW | -$21M |
| Net Change in Cash | -$24M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $74M |
| Short-Term Investments | $0 |
| Net Receivables | $278.3K |
| Inventory | $2M |
| Other Current Assets | $10M |
| TOTAL CURRENT ASSETS | $85M |
| PP&E (Net) | $9M |
| Goodwill | $0 |
| Intangible Assets | $1.2K |
| Long-Term Investments | $411.6K |
| Tax Assets | -$341.4K |
| Other Non-Current Assets | $341.4K |
| TOTAL NON-CURRENT ASSETS | $9M |
| TOTAL ASSETS | $94M |
| Account Payables | $6M |
| Short-Term Debt | $9M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $208.1K |
| TOTAL CURRENT LIABILITIES | $50M |
| Long-Term Debt | $36M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $292.3K |
| TOTAL NON-CURRENT LIABILITIES | $42M |
| TOTAL LIABILITIES | $92M |
| Common Stock | $1M |
| Additional Paid-In Capital | $299M |
| Retained Earnings | -$299M |
| Treasury Stock | -$279.4K |
| Accum. Other Comp. Income | $792.7K |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2M |
| Minority Interest | $0 |
| TOTAL EQUITY | $2M |
| TOTAL LIABILITIES & EQUITY | $94M |
| Total Debt | $53M |
| Net Debt | -$21M |
